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Expense purchaser

The individual that incurred the costs and expenses of the transaction.

An expense purchaser handles the procurement of goods and services, ensuring that purchases align with the project budget and specifications. Their role is crucial for maintaining cost efficiency and ensuring timely delivery of materials and supplies.

Used in a sentence

The expense purchaser is responsible for acquiring materials and ensuring costs align with the budget.

Synonyms/variation
  • Buyer

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Learn more about Expense purchaser

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The Construction Buyout Process Explained

Although every construction project is unique, all projects progress in several common phases, from predevelopment through to closeout. Each stage of a project builds on the ones before it. During preconstruction, the drawings are finalized and the general contractor is selected. But the project isn’t ready to break ground quite yet. Because the GC rarely […]

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Construction Purchase Orders 101: A Contractor’s Guide to POs

The construction purchase order (PO) is a document that outlines the price and quantity of goods or services necessary to complete a project contract as agreed upon by two parties — the buyer and the seller. The buyer (usually an owner or general contractor) issues a PO to the seller (usually a general contractor or […]

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